Sunday, April 21, 2013

Review of Mortgage Fraud Scams VIII

Quick note - to my Russian readers - I note that for the past week I have been getting more "hits" from readers in the Russian Federation than from the United States.

Spasibo!

     OK - another important aspect of mortgage fraud is always to check out your lender.  A mortgage for the vast majority of Americans is the largest financial hardship they will ever assume in their lifetime.  It only makes sense that before borrowing tens or hundreds of thousands of dollars, you should examine who is lending you this money.  It is one thing if the lender is a large financial institution like JP Morgan/Chase.  It is quite another if it is a local bank that may not have large financial reserves.

     It was pointed out to me not too long ago that people generally examine more closely their purchases of automobiles than their mortgage lenders.  This is a depressing statistic.


NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

                                             


 

----------à>>>>>>>>>>>>>>>gene tausk

 

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